What was the Iran deal?
The nuclear deal between the US and Iran, the Joint Comprehensive Plan of Action (JCPOA), was a 2015 agreement through which the US committed to providing significant sanctions relief to Iran on oil and weapon trade in exchange for Iranian compliance with substantial restrictions on its nuclear activities. The deal also included unfreezing significant sums of US dollars, hundreds of billions, in offshore Iranian accounts. The restrictions were designed to delay, but not ultimately prevent, Iran’s nuclear breakout time by ten years through a regime of monitoring and verification to be applied by the International Atomic Energy Agency, IAEA.
What happened to the deal?
In 2018, the Trump administration unilaterally terminated the deal as it failed to protect US national security interests and reimposed heavy sanctions on Iran, known as the Maximum Pressure Campaign. The JCPOA enriched the Iranian regime allowing it to expand its malign activities against the US and its allies, destabilizing the Middle East, threatening regional stability, growing the threats of its missile program, and becoming the world’s largest sponsor of terrorism, projecting power in Iraq, Syria, Lebanon, and Yemen, all while maintaining and preserving its nuclear research and development capabilities. The decision relied heavily on Israeli intelligence that revealed that Iran was being systematically deceptive about its nuclear activity and that it entered the JCPOA in bad faith.
Where are we today?
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